Score

1.53 /10
Danger

HPMG

Suspicious Regulatory License

High potential risk

D

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.12

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

HPMG · Company summary
HPMG Review Summary
Founded 2008
Registered Country/Region India
Regulation No Regulation
Market Instruments Equity & lPO, Derivatives, Portfolio ManagementService, Mutual Funds, NRl Offerings, Fixed Deposit & Bonds
Demo Account Unavailable
Trading Platforms Web Platform, Mobile Platform
Customer Support Contact form
Phone: +91 022 62317600
Email: info@hpmgshares.com
Address: B-201/202, Rajkamal, S.V Road Next to Shreeji Arcade, Kandivali (West)

What is HPMG?

HPMG is an unregulated financial services provider based in India. Established in 2008, HPMG offers a variety of investment services, including Equity & IPO trading, Derivatives trading, Portfolio Management Services, Mutual Funds investment, NRIs (Non-Resident Indians) Offerings, and Fixed Deposits & Bonds. The company provides clients with access to trading through its Web Platform and Mobile Platform, allowing investors to manage their portfolios and execute trades conveniently from any internet-enabled device.

HPMG's homepage

Pros & Cons

Pros Cons
  • Multiple Market Instruments
  • No Regulation
  • Multiple Customer Support Channels

Pros:

  • Multiple Market Instruments: The platform offers diverse Market Instruments, including Equity & lPO, Derivatives, Portfolio ManagementService, Mutual Funds, NRl Offerings, and Fixed Deposit & Bonds, catering to various trading needs and experience levels.

  • Multiple Customer Support Channels: HPMG provides various customer support channels including phone, email, address, and contact form, enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

Is HPMG Legit or a Scam?

HPMG currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Market Instruments

HPMG provides a diverse range of trading instruments to cater to the varied investment needs of its clients. These instruments include Equity & IPO offerings, allowing investors to participate in the stock market and capitalize on opportunities in initial public offerings. Additionally, HPMG offers Derivatives, enabling traders to hedge risk or speculate on the price movements of underlying assets.

For those seeking professional management of their investments, HPMG provides Portfolio Management Services, offering tailored strategies to suit individual risk profiles and financial goals. The availability of Mutual Funds further enhances investment options, providing access to professionally managed portfolios diversified across various asset classes.

Moreover, HPMG facilitates NRIs (Non-Resident Indians) with specialized offerings, ensuring they can efficiently manage their investments in India. Lastly, Fixed Deposits & Bonds provide conservative investment avenues with steady returns, appealing to investors seeking stability in their portfolios.

Market Instruments

How to Open an Account?

  • Step 1: Click the button ''LOGIN'' on the homepage.

  • Step 2: Then click the option ''Account Opening''.

click the option ''Account Opening''
  • Step 3: Tick the box to agree to the Express Consent and click the “OK” button.

Click the OK“ button
  • Step 4: Follow the on-screen instructions to input your personal and contact details.

  • Step 5: Click on the ''Start Registration'' option.

Click on the ''Start Registration'' option

Trading Platforms

HPMG provides its clients with convenient access to trading through its versatile platforms, available both on the web and mobile devices.

The Web Platform offers a robust and intuitive interface, allowing users to execute trades, monitor their portfolios, and access market data seamlessly from any internet-enabled device. Meanwhile, the Mobile Platform caters to the on-the-go needs of modern traders, enabling them to stay connected to the markets and manage their investments from anywhere, at any time.

Trading Platforms

Customer Service

HPMG provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone: +91 022 62317600

  • Email:info@hpmgshares.com

  • Address:B-201/202, Rajkamal, S.V Road Next to Shreeji Arcade, Kandivali (West)

  • Contact form

Contact info

You can refer to the screenshot below for more details.

Contact info

Conclusion

In conclusion, HPMG offers an extensive range of trading instruments, multiple trading platforms, and a comprehensive and accessible customer support network, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1: Is HPMG regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does HPMG offer demo accounts?
Answer 2: No.
Question 3: What financial instruments can I trade with HPMG?
Answer 3: Equity & lPO, Derivatives, Portfolio ManagementService, Mutual Funds, NRl Offerings, and Fixed Deposit & Bonds.
Question 4: What trading platform does HPMG offer?
Answer 4: It offers web platform and mobile platform.
Question 5: Is HPMG a good broker for beginners?
Answer 5: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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